Bernard McGee is a former broker, barred by FINRA (Financial Industry Regulatory Authority) in 2013. He was previously registered with Independent Financial Group.
Peiffer Wolf is currently investigating claims against Bernard McGee for his recommendation of REITs, variable annuities, and other alternative investments.
According to FINRA’s BrokerCheck website for Public Disclosures, Bernard McGee had been the subject of 9 disclosures, including 7 customer disputes and 1 regulatory disclosure, until he was barred. The more notable disclosures are as follows:
November 2013 – Regulatory. Barred in all capacities. Start date: 7/18/2016. Allegations included material misrepresentations and omissions, unsuitable recommendations, failure to conduct due diligence, false information, and false representation.
October 2012 – Employment Separation After Allegations. Permitted to resign from Cadaret, Grant and Co., Inc. Allegations: “Failure to disclose an outside business activity in violation of Firm Policies and Procedures.”
August 2012 – Customer Dispute: Settled. Amount: $269,375.15. Allegations: “two Hartford Annuities & two Pacific Life Annuities owned by the client were liquidated under Mr. McGee’s supervision yielding $454,990. These transactions resulted in about $44,000 in penalties being lost. It was also alleged that charitable donations of $217,152 were made with the funds and that three different Lincoln Financial Charitable Annuities were purchased with the remaining funds.”
Prior to the Independent Financial Group, McGee was registered with Cadaret, Grant & Co., New England Securities, Royal Alliance Associates, Integrated Resources Equity Corporation, First Fidelity Capital Corp, Monvest Securities, Vanderbilt Securities, and Marsan Securities.
If you invested with Bernard McGee, contact Peiffer Wolf immediately for a FREE Consultation.
To review Bernard McGee‘s Brokercheck report, click here:
*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Based on our experience, we believe that there are more investors who have been the victims of Bernard McGee‘s alleged broker misconduct and investment fraud. If you invested with Bernard McGee, you should contact Peiffer Wolf immediately for a FREE Consultation.
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Peiffer Wolf is currently investigating Bernard McGee’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation.